The Main Reason for Trade Restrictions Is to

question 257

Multiple Choice

The main reason for trade restrictions is to

• A) improve international relationships.
• B) protect the jobs of workers in industries that are not globally competitive.
• C) leverage each country's comparative advantage.
• D) increase world GDP.

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Definitions:

Environmental Scan

An analysis method that examines the internal and external environments of an organization to identify opportunities and threats.

External Environment

The external factors, including economic, legal, political, social, technological, and competitive elements, that influence an organization's operations.

Environmental Factor

An external element that can influence the performance and outcomes of an organization, including economic, social, technological, political, and natural conditions.

Legislation

A body of laws and regulations enacted by a government or legislative authority to regulate, authorize, sanction, grant, declare, or restrict.